The Value Added Tax (Amendment) (No. 2) Regulations 2001

• Citation: S.I. 2001/677
• Sections: 4

Section 1

These Regulations may be cited as the Value Added Tax (Amendment) (No. 2) Regulations 2001 and shall come into force on 1st April 2001.

Section 2

The Value Added Tax Regulations 1995 are amended as follows.

Section 3

In part VII (annual accounting)—

(a) in regulation 52(1)(b), for “£300,000” substitute “£600,000”; and

(b) in regulations 53(2)(a) and 54(1)(e) and (2), for “£375,000” substitute “£750,000”.

Section 4

In Part VIII (cash accounting)—

(a) in regulation 58(1)(a), for “£350,000” substitute “£600,000”; and

(b) in regulation 60(1), for “£437,500” substitute “£750,000”.